Colombian private investment funds have some $5 billion in buying power to invest in projects throughout the country, according to Reuters.
“We are beginning to stop talking only about investing in highways and using private capital to fund the construction of the metro in Bogota, hospitals, regional trains and so on,” Paula Delgadillo, president of the Colombian Association of Private Capital Funds, Colcapital, told Reuters.
“There is more than $5 billion available,” she added. “The potential is huge.”
Private investment funds have managed some $16.8 billion in infrastructure projects and real estate over the past 15 years.
A 2013 World Economic Forum global competitiveness report ranked the quality of overall infrastructure in Colombia 92nd out of 148 countries.
Geographical characteristics of the country make constructing new transportation difficult and costly, and existing infrastructure also suffers, with only 15
